10 September 2016, Chennai: Karur Vysya Bank (KVB), a leading private sector bank in India celebrated its centenary in Chennai today. The Hon’ble president of India, Shri Pranab Mukherjee was the chief guest of the function. Shri Chennamaneni Vidyasagar Rao, the Hon’ble Governor of Maharashtra and Tamil Nadu graced the occasion as the Guest of Honour. The grand event that was conducted at the Madras University Centenary Auditorium was well attended by the Bank’s esteemed customers, business partners, shareholders and employees of KVB.
Shri. B Swaminathan, Chairman, KVB welcomed the galaxy of distinguished guests at the function. Shri. A J Suriyanarayana, Director, Karur Vysya Bank dwelt on the historical journey of KVB of the past 100 years. Shri. K Venkataraman, MD & CEO of Karur Vysya Bank, spoke on the heritage and the future plans of KVB.
Shri. Chennamaneni Vidyasagar Rao, the Hon’ble Governor of Maharashtra and Tamil Nadu complimented KVB for successful service and 100 years of trust.
The Hon’ble President of India, Shri. Pranab Mukherjee addressed the gathering and complimented Karur Vysya Bank for its service to the nation.
Shri. M K Venkatesan, Director, KVB, proposed the vote of thanks.
A Corporate History Book of Karur Vysya Bank was released by the Hon’ble Governor on the occasion and the first copy was presented to the Hon’ble President.
On the occasion of KVB’s Centenary celebrations, Shri. Venkataraman, MD & CEO of Karur Vysya Bank said “We feel extremely happy and privileged to have the Hon’ble President of India, Shri. Pranab Mukherjee and the Hon’ble Governor of Maharashtra and Tamil Nadu, Shri. Chennamaneni Vidyasagar Rao, amidst us on the occasion of the centenary celebrations of KVB. This is a great occasion to thank all our esteemed customers who reposed their trust in us and helped us to evolve to what we are now. We would also like to thank all our shareholders and stakeholders who have realized the worth of KVB and invested for several years”.
Karur Vysya Bank carries the pride of being one among the very few banks in India to reach the 100 years milestone on its own identity. KVB has become a trusted brand in the country on the strength of its high quality customer service and trust worthiness built up diligently over a period of 100 years.
KVB’s performance has been greatly appreciated time and again with several awards and accolades. The Bank has been recognized by IDRBT - Institute for Development and Research in Banking Technology for the seventh year in succession this year, with two awards - Best Bank among Small Banks for Digital Banking and Best Bank among Small Banks for Managing IT Ecosystem. This is the second time that the bank is receiving two awards in a year from IDRBT. The Bank has also recently won the FE Best Bank Award, 2014 for Credit Quality and Dun & Bradstreet Award for Best Bank, 2016 – Priority Sector Lending.
KVB is all set for its next move to position itself as a specialized SME bank. Understanding the changes and developments in the industry very well, KVB is transforming itself on a two-pronged strategy of differentiated banking and digital banking. Stepping into the second century after its inception, it is positioning itself as a niche bank for the Small and Medium Enterprises sector (SMEs), with customized package of products to cater to the distinctive needs of each type of trade and industry in this sector. On the digital banking side, KVB will offer complete solutions for all classes of its clientele, anchored on convenience.
On this great historic occasion, KVB thanked its valued clients and all stakeholders for their continued support and unflinching loyalty and appealed to continue their support as the bank has entered into its next century.
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About Karur Vysya Bank:
The Karur Vysya Bank Limited, popularly known as KVB, was set up in 1916 by two great visionaries and illustrious sons of Karur, the Late Shri. M A Venkatarama Chettiarand the Late Shri. Athi Krishna Chettiar to inculcate the habit of savings and provide financial assistance to traders and small agriculturists in and around Karur, a textile town in Tamil Nadu. The bank is professionally managed and guided by the Board of Directors drawn from different fields with vision, experience, knowledge and business acumen.